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The merger "would extinguish competition between Paramount and Warner Bros. and inflict substantial harm on movie theatres, basic cable distributors, and, ultimately, audiences nationwide," 12 state attorneys general allege in a complaint filed Monday.

Paramount Skydance's (PSKY) proposed acquisition of fellow media and entertainment giant Warner Bros

California Attorney General Rob Bonta is leading a coalition of 12 attorneys general in filing a lawsuit challenging the acquisition of Warner Bros. by Paramount.

(Updates with Paramount Skydance's statement in the fourth and fifth paragraphs.) Paramount Skyda

Investing.com -- California Attorney General Rob Bonta on Monday led a coalition of 12 state attorneys general in filing a lawsuit to block Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, arguing the deal would unlawfully reduce competition across the U.S. film and television industry.

State attorneys general from a dozen states including California, New York and Washington filed a lawsuit to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery.

(Updates with a response from the Attorney General's office in the second last paragraph.) Paramo

Closing Timeline Extended Pending Regulatory ReviewParamount (NASDAQ:PSKY) has confirmed that it will not complete its proposed $110 billion acquisition of Warner Bros (NASDAQ:WBD) before 22 July, extending the expected closing timeline by at least another week as Oregon authorities continue reviewing the transaction. The announcement follows action by the Oregon Attorney General’s office, which disclosed the revised timetable on Wednesday.

Paramount's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) could be faced with laws

The British government said on Tuesday that it is likely to challenge Paramount Skydance’s takeover of Warner Bros. Discovery, potentially complicating the finalization of the $110 billion merger.

(Updates with quotes from Secretary Lisa Nandy and Paramount throughout the story.) Paramount Sky

Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBC

Paramount Skydance (PSKY) is prepared to sell its film distribution joint venture with Universal Pic

The stock is down 10.5% this month, after closing May 8% lower.

Today, June 16, 2026, investors are weighing how missed media deals and legal risks may reshape Netflix’s strategy.

The Justice Department’s Antitrust Division approved Paramount Skydance’s $111 billion bid for Warner Bros.

An investigation by the U.S. Justice Department into Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has determined that the mammoth Hollywood media merger is not likely to harm competition in the industry or be harmful for consumers. The agency said Friday that it closed its probe into the deal, with regulators at its antitrust division concluding that the impact of the merger “will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers.” David Ellison’s Paramount Skydance reached a deal to acquire Warner Bros. Discovery in late February.

The Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood.

The Justice Department has approved Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, as expected.

The stock now offers a 17% return to the deal price. That’s a really wide spread for a takeover deal, considering the target closing date.

It was not immediately clear which states would bring the lawsuit, Reuters reported, citing sources familiar with the matter.

Warner Bros. Discovery Stock Edges Lower as Paramount Skydance Readies for Legal Fight

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